Structural Unemployment

What Does Structural Unemployment Mean?
Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers.

Investopedia explains Structural Unemployment
An example of structural unemployment is the technological revolution. Computers may have eliminated jobs, but they also opened up new positions for those who have the skills to operate the computers.

Filed Under: Economics

Related Terms

Coincident Indicator
Cyclical Unemployment
Discouraged Worker
Frictional Unemployment
Full Employment
Lagging Indicator
Natural Unemployment
Phillips Curve
Rust Bowl
Underemployment
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